Yale School of Management

International Loans

As a first step, we encourage all international students to look for sources of funding in their home countries.

If you are unable to obtain funding in your home country, Prodigy Finance and Quorum Federal Credit Union accept loan applications from international students attending SOM who do not have a U.S. co-signer.  International students who have access to a credit-worthy U.S cosigner can find more information about different lenders through  ELMSelect. This is not a list of recommended lenders but is rather a list of those lenders used by our students over the past three years. You are free to choose any lender, and Yale will process a loan for you from any lender.

Prodigy Finance & Quorum Federal Credit Union Characteristics
Prodigy Finance Quorum Federal Credit Union
Credit Assessment

Yes. Based on your country and credit score ('credit worthiness')

No. All international students are eligible.

Interest Rate

Variable; LIBOR + 6.5% (currently about 7.5%)

Variable; Prime + 3.5% (currently 8.25%)

Interest Accrual

Interest begins accruing on this loan as soon as the funds are disbursed to the University. 

Interest begins accruing on this loan as soon as the funds are disbursed to the University. 

Origination Fees

1.25% upon loan acceptance, 1.25% added to principal.

1%

Time to apply

Allow 4 weeks

Allow two weeks

Please keep in mind the following:

  • It is your responsibility to research the different lenders and their loan products.

  • Your cosigner must be a U.S. citizen or permanent resident and be considered “credit worthy.”

  • Yale SOM cannot act as a cosigner for either domestic or international students.

  • You may be required to have a U.S. Social Security number or tax identification number, even with a cosigner.